The Bangalore Stock Exchange Limited (BgSE), established in 1963, is the one of the leading Stock Exchanges of India. BgSE is a Self Regulatory Organisation located in the garden city of India. The Exchange is managed by the Governing Board consisting of three Public Interest Directors nominated by Securities Exchange Board of India (SEBI), Six Shareholder Directors (elected by Poll), three Trading Member Directors (elected by the Members) and Executive Director.
BgSE has been proactive in keeping pace with the emerging technological and financial market trends and is fully computerized. BgSE launched its own BEST (Bangalore Electronic Securities Trading), its On-line trading system on 29th July 1996, the first exchange to do so in the South India.Over the decades, it has been a journey of progress and has emerged as a premier Exchange in India. However, with the advent of NSE in 1997, the trading volumes in all the Regional Stock Exchanges dropped significantly and all the exchanges stopped their operations in 2001-02. In order to compensate the loss of business to the Trading Members of the Regional Exchanges, SEBI permitted the Exchanges to float Subsidiary Companies and take membership in NSE and BSE, to enable the members to trade. Accordingly, BgSE floated its Subsidiary M/s.BgSE Financials Ltd in 2001-02 and acquired membership from NSE and BSE and allowed its members to trade.
BgSE has been proactive in keeping pace with the emerging technological and financial market trends and is fully computerized. BgSE launched its own BEST (Bangalore Electronic Securities Trading), its On-line trading system on 29th July 1996, the first exchange to do so in the South India.Over the decades, it has been a journey of progress and has emerged as a premier Exchange in India. However, with the advent of NSE in 1997, the trading volumes in all the Regional Stock Exchanges dropped significantly and all the exchanges stopped their operations in 2001-02. In order to compensate the loss of business to the Trading Members of the Regional Exchanges, SEBI permitted the Exchanges to float Subsidiary Companies and take membership in NSE and BSE, to enable the members to trade. Accordingly, BgSE floated its Subsidiary M/s.BgSE Financials Ltd in 2001-02 and acquired membership from NSE and BSE and allowed its members to trade.
Source : http://www.bgse.co.in/